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101
Dec 13, 2012
12/12
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KQED
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. >> sreenivasan: ben bernanke also had several caveats. explain those? >> so ben bernanke, the fed chairman, was very clear that today's statement doesn't represent an abandonment of low inflation. he said, for example, that if inflation were to rise unexpectedly, over 2.5% in their own forecasts, that might be reason enough for them to start raising interest rates even if unemployment has not come down 206.5%. >> sreenivasan: markets traditionally love certainty. why didn't they embrace it today? >> i think markets are starting to question whether the fed actually has the ability to deliver on this commitment to low unemployment. they've got the interest rates at 0, they have trillions of dollars worth of bonds and still the economy is very, very weak. >> sreenivasan: going forward, are there things that we should be looking for as signs from the fed on what's going to happen or should we be paying more attention to unemployment rate? >> well, the fed has taken one more step today. they're doubling the amount of bonds they're buying by printing money. t
. >> sreenivasan: ben bernanke also had several caveats. explain those? >> so ben bernanke, the fed chairman, was very clear that today's statement doesn't represent an abandonment of low inflation. he said, for example, that if inflation were to rise unexpectedly, over 2.5% in their own forecasts, that might be reason enough for them to start raising interest rates even if unemployment has not come down 206.5%. >> sreenivasan: markets traditionally love certainty. why didn't...
146
146
Dec 10, 2012
12/12
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CSPAN
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ben bernanke was saying the deficit could be cut too far and too fast at the same time. this has to be the time where we don't go into an austerity program. we are not quite there. if businesses are spending and consumers are spending and trade was helping, i would say that is the right time to be doing this. the deficit reduction has to be done in context. host: this is from "the wall street journal"last week -- guest: they are not spending because they are angry at washington but they don't have the demand for their goods and services. that is the way it is now. they don't have a great incentive to do anything. we're spending this money on the wrong things. the president proposed additional stimulus of measures including infrastructure. i'm not sure you can rely on the private sector to kick in that quickly. host: guest: on the issue of growth -- this is a fundamental issue. the only disagreement is how you get to it. my concern about the fiscal cliff is it will hurt book -- growth and we will get a recession you can never fix your debt problems and a recession. busine
ben bernanke was saying the deficit could be cut too far and too fast at the same time. this has to be the time where we don't go into an austerity program. we are not quite there. if businesses are spending and consumers are spending and trade was helping, i would say that is the right time to be doing this. the deficit reduction has to be done in context. host: this is from "the wall street journal"last week -- guest: they are not spending because they are angry at washington but...
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85
Dec 12, 2012
12/12
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CSPAN2
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and later federal reserve chairman ben bernanke holds a news conference following a meeting of the federal open market committee. you can watch that live beginning at 2:00 p.m. eastern. >> the white house national economic council director discusses the fiscal cliff on monday and emphasizes the administration's position on higher taxes for the wealthy. he spoke at a center for american progress forum titled investing in the future, higher education, innovation and american competitiveness. this is 40 minutes. >> it is my great privilege to introduce gene sperling, director of the white house national economic council and assistant the president for economic policy. gene sperling also is a former senior fellow at the center for american progress, pro-growth progressive. and the connection between innovation, education, ensuring we have an economy that works for everyone. i want to say having served in the administration, there is no one in the administration who is more focused on america's long-term competitiveness, short term competitiveness, midterm competitiveness, when the president is
and later federal reserve chairman ben bernanke holds a news conference following a meeting of the federal open market committee. you can watch that live beginning at 2:00 p.m. eastern. >> the white house national economic council director discusses the fiscal cliff on monday and emphasizes the administration's position on higher taxes for the wealthy. he spoke at a center for american progress forum titled investing in the future, higher education, innovation and american...
87
87
Dec 9, 2012
12/12
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CSPAN
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ben bernanke was saying the deficit could be cut too far and too fast at the same time. this has to be the time where we don't go into an austerity program. we are not quite there. if businesses are spending and consumers are spending and trade was helping, i would say that is the right time to be doing this. the deficit reduction has to be done in context. host: this is from "the wall street journal"last week -- guest: they are not spending because they are angry at washington but they don't have the demand for their goods and services. that is the way it is now. have a great incentive to do anything. we're spending this money on the wrong things. the president proposed additional stimulus of measures including infrastructure. thenot sure you can rely on private sector to kick in that quickly. host: guest: on the issue of growth -- this is a fundamental issue. the only disagreement is how you get to it. my concern about the fiscal cliff is it will hurt book -- growth and we will get a recession you can never fix your debt problems and a recession. businesses and their i
ben bernanke was saying the deficit could be cut too far and too fast at the same time. this has to be the time where we don't go into an austerity program. we are not quite there. if businesses are spending and consumers are spending and trade was helping, i would say that is the right time to be doing this. the deficit reduction has to be done in context. host: this is from "the wall street journal"last week -- guest: they are not spending because they are angry at washington but...
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278
Dec 12, 2012
12/12
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CNNW
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fed chief ben bernanke speaks at 2:15 eastern. the s & p 500 up more than 13% so far this year, and now up since the election. >>> bank of america, merrill lynch predicts oil prices in this country will drop to $50 per barrel. the cause? difficulty in moving huge amounts of oil from the bakan oil fields in south dakota and in texas. they don't predict a corresponding drop in gas prices. world oil prices will stay high, and our gas prices will likely track that. >>> americans are upbeat about the economy. 43% of americans say they are optimistic about 2013 and believe the economy is rebounding, nearly twice as many as last year. >> can i ask? the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock marke
fed chief ben bernanke speaks at 2:15 eastern. the s & p 500 up more than 13% so far this year, and now up since the election. >>> bank of america, merrill lynch predicts oil prices in this country will drop to $50 per barrel. the cause? difficulty in moving huge amounts of oil from the bakan oil fields in south dakota and in texas. they don't predict a corresponding drop in gas prices. world oil prices will stay high, and our gas prices will likely track that. >>>...